Scammers have bilked consumers out of $545 million in Covid-related fraud

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Criminals have ripped off hundreds of thousands of Americans since the start of the pandemic, according to the FTC.

Consumers have lost $545 million to Covid-related fraud since the beginning of 2020, according to FTC data.

Online shopping scams have impacted the largest number of people, while vacation and travel scams have been the most costly, according to the agency.Scammers have bilked Americans out of $545 million in Covid-related fraud since the beginning of 2020 in a range of schemes from online shopping to travel,The agency received almost 589,000 consumer complaints associated with the pandemic from Jan. 1, 2020 to Aug. 30, 2021. Roughly 61% of the reports concerned fraud; the median loss was $380.

"Scammers always take advantage of disasters, manmade or natural," Susan Grant, director of consumer protection and privacy at the Consumer Federation of America, an advocacy group, said last month.Price-gouging was the most commonly reported pandemic-related issue in 2020, according to state and local consumer agencies polled for a recent Consumer Federation of America.

Agencies also received Covid-associated complaints in a wide range of other categories, such as evictions, canceled events and travel, schools and childcare, the report said.

 

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